Special Weekend Edition

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More details have become available about the actions of Patrick Byrne, the CEO of Overstock who resigned yesterday.  Byrne resigned for a number of reasons, not the least of which appears to be concerns for his personal safety after the “suicide” of Jeffrey Epstein.

In all Byrne gave four interviews regarding his involvement on behalf of the FBI in what he is calling “political espionage”.  His story is consistent across all four interviews.

In 2015, Patrick Byrne was approached by FBI officials.  They wanted him to cultivate a relationship with one Maria Butina, a Russian national who is an accused Russian agent.  This had occurred after he had picked up the phone and reported a contact with Butina as he was required to do so by law. Why?  Because Byrne has a low-level security clearance.

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Bombshell!

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Yesterday Patrick Byrne, CEO of Overstock.com, resigned his position. Now CEO’s do leave their companies from time to time.  However, few if any CEO’s have done so for the reasons Byrne put forth.

Byrne has led the company for 20 years.  In 1999, Byrne was approached by the founder of D2-Discounts Direct with a request for operating capital.  Byrne found the idea of online closeouts intriguing, and invested $7 million for a 60 percent equity stake in the company in the spring of 1999.  In September the same year he took over as CEO, and the following month the company was renamed Overstock.com.

According to Patrick Byrne, due to earlier relationships with federal law enforcement (17 years ago…helped to snare the murderer of a friend and 12 years ago…helped with a Wall Street investigation), he was approached in/around 2015 to help out the FBI with another operation.

As he indicates, he felt there was something fishy about the operation. However, the people who approached him he felt were honorable.  It was only several years later that he figured out where the orders had come from.

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Communist Revolution Life Cycles

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This is a step-by-step guide on how, once you convert a country to socialism/communism, the country will implode over time.  This describes literally every single socialist/communist uprising of the past century.  This is what the Communist Four want for this country.

One can go back to Argentina in the early 1900’s.  Argentina was one of the world’s strongest economies then. Once Juan Peron got in, he gradually converted the country to rob/kill the successful through tax increases that eventually filtered down from the top earners through the middle class.  He pitted the lower classes against those well-off.  A country that once boasted of huge exports of beef to countries around the world, was eventually forced to import beef to feed its people.  This was all due to robbing from those better off and redistributing to those who had not earned it.  This says nothing about all those who were “disappeared.”

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MAGAnomics

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PDJT negativism has changed.  The Russian Collusion Hoax is officially dead.  The use of this hoax to undermine the Trump Presidency has failed, spectacularly so at times.  One can tell the hoax is done because the MSM and Wall Street have switched gears and are now trying to talk the American public into a recession.  They know that, if they can succeed at this, then there might be a chance that a Democrat, any Democrat, someone who they could control, could win the Presidency in 2020.

This past week the pundits at the MSM were screaming about “an inverted yield curve” that they said foretold an impending recession.  According to them it had not happened since 2007 right before the beginning of the Great Recession.  Of course, this was a lie since this had happened last year and no recession has appeared on the horizon.  Wall Street took note of the screaming and promptly lost 800 points.

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Eureka!

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Eureka!  An economic analyst who understands what is actually happening!  This embedded video with Mohamed El-Erian accurately explains what is going on economically around the world.  As Sundance at CTH, who has been saying this since PDJT took office, notes,

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street).  Charles Payne understands most of this, but El-Erian has it nailed.

Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed.  Thus there’s a disconnect and accompanying market volatility.

This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall Street in terms the panel pundits will understand/accept.

There is an interesting slam of the Obama policies by the host at the 6:08 mark.  Are more and more people coming around to the fact that Obama’s presidency was a disaster?

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The Sky Is Falling!

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The sky is falling!  The sky is falling!  These are the ridiculous proclamations of the MSM because the yield curve has turned negative.  That’s where long-term bond rates (returns on investment) are lower than short-term rates (returns).

The yield on the Treasury’s benchmark 10-year note fell to 1.59% Wednesday afternoon. Earlier in the day it had briefly traded below the return on the Treasury’s 2-year note, something investors haven’t seen since June 2007. That spooked the equity markets, with the S&P 500 Index down by more than 3%.

Financial pundits in the MSM led by CNN immediately called for a US recession. They pointed to the fact that China’s industrial production grew at the slowest rate in 17 years in July while Germany’s economic output actually shrank slightly in the second quarter.

Let’s look at the bigger picture from the 30,000 foot level.  One has to start with the idea that, in economics, there is something known as supply and demand.  This idea is economics 101 and has been intentionally overlooked by the MSM financial “experts.”

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